Latest Stories

Metro Pacific group taking over Delos Santos Medical Center


MANILA, Philippines–Infrastructure holding firm Metro Pacific Investments Inc. is taking over a majority stake in the company that owns and operates De Los Santos Medical Center, the seventh in its growing chain of premium hospitals.

MPIC, which is led by businessman Manuel V. Pangilinan, disclosed to the Philippine Stock Exchange on Monday the signing of a deal with the shareholders of DLSMC to participate in a P250-million capital-raising which will give it 51 percent equity ownership in the expanded De Los Santos General Hospital Inc., the corporate owner and operator of DLSMC.

DLSMC is a tertiary teaching and training hospital along E. Rodriguez Boulevard in Quezon City.  It has an authorized capacity of 150 beds, bringing MPIC’s total bed capacity to about 2,000 beds once the deal is completed.

The hospital was founded in 1973 by the late Dr. Jose V. De Los Santos Sr., considered the Father of Philippine Orthopaedics. DLSGHI also has an affiliate, De Los Santos-STI Megaclinic, Inc. (Megaclinic), a 2,000-square meter ambulatory and diagnostic center located in SM Megamall, considered to be the largest in the country in this category.

MPIC’s investment is intended to facilitate the redevelopment of DLSMC.  Underway are plans for the renovation and expansion of the hospital facilities that will increase and improve patient rooms, doctors’ clinics and parking slots, upgrade operating rooms and purchase new medical equipment.

“As our different family members pursue other varied activities, we are happy to bring in as partners the largest private hospital chain in the country, as we know this can only be good for De Los Santos Medical Center and its patients,” said Jose De Los Santos Jr., president and chief executive officer of DLSGHI and representing the De Los Santos family.

Monico Jacob, president of investor Systems Technology Institute Inc. added: “We believe that MPIC, with its experience in running hospitals, will be a good partner in DLSGHI. This will provide DLSMC with further hospital expertise, while we, at STI, will be able to focus on De Los Santos-STI College and our other educational institutions.”

MPIC started its nationwide hospital network with an investment in Makati Medical Center, followed by Davao Doctors Hospital, Cardinal Santos Medical Center, Riverside Medical Center, Our Lady of Lourdes Hospital, and most recently the Asian Hospital and Medical Center.

“We are thankful for the trust and confidence shown to us by the De Los Santos family and STI in welcoming our investment in DLSMC. Together, we hope we will be able to contribute in perpetuating the legacy of Dr. Jose V. De Los Santos, Sr. by elevating DLSMC to new heights of quality healthcare, catering to the patients of Quezon City, primarily, and other neighboring areas. We are also excited about Megaclinic, our first involvement in an independent mall- based diagnostic center,” said Augie Palisoc Jr., MPIC executive director and president of the MPIC Hospital Group. “There are still a number of conditions that need to be fulfilled, but assuming these are done, we hope to start making the investments by the first quarter of 2013.” Palisoc added.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: acquisition , Business , hospital , News

  • http://profile.yahoo.com/AND7MQ5FERICDOIAUW56RYT45A tower_of_power

    Malapit na maprivatize ang mga govt hospitals … not long ago … pangil inan proposed to train all gov nurses for free … a step to surely and slowly take over the govt hospitals!!! In the present crap of leaders that we have … sino ang tumitingin sa pangangailangan ng mamamayan?

  • Bjdc

    Ang sabi ng grupo ni pangilinan noon, ang pag-takeover nila sa Meralco ang magpapababa ng singil sa kuryente. Nangyari ba? Malamang ganito rin ang gagawin ng grupo niya sa mga hospital na mabibili nila, tataas ang sisingilin nila sa mga pasyente. Kaawaawang mga Pinoy, ipiniprito tayo sa sarili nating mga mantika ni mvp/pangilinan.

  • joboni96

    sa tubig koryente tawag tv toll etc
    monopolya na ni pangilinan
    for dayuhang intsik switik

    pati pag na ospital sa kababayad ng mga ito
    mag momonopolya na rin

    pati siguro pag prinaivitze
    ang mga government hospitals
    papakyawin nito
    (support health workers oppose this)

    wala bang mga b-yag ang mga nasa gobyerno
    para tigilan ito o
    malaki lang talaga komisyon

    1. nationalize water, electricity, tollways etc
    then resell to pilipinos

    2. anti trust law

    3. bumiputra law

  • http://profile.yahoo.com/SYG36KOOLRY47VA3ICPJJ5CQTQ ADD

    Meron p bang charity wards sa mga hospital ni MVP?

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Intrigues mar signing of Bangsamoro draft law
  • Singson apologizes for delay in Edsa road repairs
  • Congressmen seek end to small-town lottery operations
  • 16-year-old survives in wheel well of US flight
  • MMDA to blame for delay of Edsa reblocking – DPWH exec
  • Sports

  • Reigning champs Miami open playoffs with win
  • Spurs subdue Mavericks in playoff opener
  • Wawrinka beats Federer to win Monte Carlo Masters
  • Ageless Hopkins pitches 50-50 Mayweather deal
  • Goodbye MGM, Las Vegas for Pacquiao?
  • Lifestyle

  • Miss America: Don’t suspend teen over prom invite
  • Transitions and resurrection in the performing arts
  • ‘Archaeology tour’ of Cebu’s heritage of faith
  • Historic Fort Bonifacio tunnel converted into a septic tank
  • ‘Imports’ from London, and play of the year
  • Entertainment

  • Lindsay Lohan says she had a miscarriage
  • Discovery network cancels Everest jump
  • ‘Captain America’ stays strong atop US box office
  • Easter musings
  • Solenn in shorts
  • Business

  • Oil prices down in quiet Asian trade
  • Asian shares mixed in holiday-thinned trade
  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Golden Week
  • Technology

  • PH has slowest internet in Southeast Asia
  • Nintendo’s trailblazing Game Boy marks 25th anniversary
  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Opinion

  • Gigi’s home
  • Palace stonewalls on MRT inquiry
  • Couple of things too
  • There is plenty of water behind Wawa Dam
  • Triduum thoughts of a young boy
  • Global Nation

  • Filipinos in Middle East urged not to panic amid MERS-CoV scare
  • Obama on mission to quiet Asia skeptics
  • Search for Etihad passengers launched
  • Japan presents $57-B ‘dream plan’ to solve Metro congestion
  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • Marketplace